A Bitcoin Fund Will Soon Pay Distributions to Investors
Past and present owners of Bitcoin Investment Trust (NASDAQOTH: GBTC) may want to pay close attention to their brokerage accounts over the new year. That's because Bitcoin Investment Trust has decided to sell some of its holdings and distribute the cash to its shareholders.
As it stands right now, Bitcoin Investment Trust holds bitcoin and two other bitcoin-related currencies, bitcoin cash and bitcoin gold. It will sell the bitcoin cash and bitcoin gold, and ultimately distribute the proceeds to its shareholders in the form of U.S. currency, according to press releases from its sponsor, Grayscale Investments.
Image source: Getty Images.
Source: Fool.com
